20 February 2014
Frontier Developments plc
Signs Two New Publisher Development Agreements
Frontier Developments plc (AIM: FDEV; "Frontier," the "Company"), a leading developer of video games with studios in Cambridge, UK and Halifax, Canada, has signed two new development agreements with a major new global publishing partner.
Under the contracts, Frontier will deliver two exclusive original games using its proprietary Cobra technology which will drive support for the partner's own hardware and technology eco-system.The contracts have a combined value of £3.75m, which will be earned and recognised over development milestones spanning Frontier's current and next financial year, which ends 31 May 2015.
David Braben, Frontier's Chief Executive Officer, said:
"Frontier's reputation for innovative design, high quality and timely delivery creates regular opportunities for us to partner with some of the largest and very best companies in our industry.
"These contracts acknowledge Frontier's qualities and add two exciting new games to our project roster, both of which were ideas generated through our company-wide 'Game of the Week' incubation programme.
"In addition, they demonstrate the ongoing commitment to working with strategic publishing partners that forms an important part of our plan for the Company's continued development."
Enquiries:
Frontier Developments |
+44 (0)1223 394 300 |
David Braben, CEO |
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David Walsh, COO Neil Armstrong, CFO |
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Canaccord Genuity |
+44 (0) 207 523 8000 |
Simon Bridges/Cameron Duncan |
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Instinctif Partners |
+44 (0) 20 7457 2020 |
Kay Larsen/Adrian Duffield |
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About Frontier Developments
Frontier was founded in 1994 by David Braben, co-author of the seminal Elite game. The Group has 243 full-time employees and operations in Cambridge, UK and Halifax, Nova Scotia, Canada. Frontier has a proven track record of software technology development and innovation spanning several decades of rapid technological change. Frontier has leveraged its technology to develop innovative videogames across a wide variety of different game genres and platforms, and has established relationships with globally renowned partners.
About Cobra
Frontier's Cobra software technology has been developed and evolved since 1988. Initially conceived as a solution for the problem of easily porting the same game across different target hardware devices, Cobra today supports multi-core CPU and GPU architectures of PC, console, tablet and smartphone with a modular, high performance system offering of state of the art efficiency and visual fidelity that is applicable across a wide range of game genres.
Cobra incorporates a framework which enables rapid development of powerful game creation tools, which offer the ability to view, tweak and review changes to content (e.g. animations, audio, 3D models etc.) on target platforms in a live game session running on that platform, without the intervention of a programmer.
For more details on Cobra see http://www.frontier.co.uk/our_technology/
